Manitex International, Inc. (MNTX) Financial Statements (2024 and earlier)

Company Profile

Business Address 9725 INDUSTRIAL DRIVE
BRIDGEVIEW, IL 60455
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,97321,35917,16123,36024,5085,366
Cash and cash equivalents7,97321,35917,16123,36022,3485,366
Short-term investments     2,160 
Restricted cash and investments217222240217245352
Receivables45,60632,55430,59736,26547,82248,579
Inventory, net of allowances, customer advances and progress billings69,80164,96556,05558,73458,02454,360
Inventory69,80164,96556,05558,73458,02454,360
Disposal group, including discontinued operation 75     
Other undisclosed current assets3,8322,4362,2184,8411,3941,665
Total current assets:127,504121,536106,271123,417131,993110,322
Noncurrent Assets
Operating lease, right-of-use asset5,6673,5634,0682,274
Property, plant and equipment51,69716,46018,72319,34820,24922,038
Long-term investments and receivables      11
Long-term investments      11
Intangible assets, net (including goodwill)51,28336,89543,14349,66761,07174,583
Goodwill36,91624,94927,47232,63536,29843,569
Intangible assets, net (excluding goodwill)14,36711,94615,67117,03224,77331,014
Deferred income tax assets452178247 
Other noncurrent assets  1,1431,1432811,5701,475
Other undisclosed noncurrent assets    4152,36616,759
Total noncurrent assets:109,09958,23967,32471,98585,256114,866
TOTAL ASSETS:236,603179,775173,595195,402217,249225,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58,06154,67540,33839,29946,14545,456
Accounts payable45,68244,13632,42929,97436,89635,386
Accrued liabilities12,37910,5397,9099,3259,24910,070
Deferred revenue3,4077,1212,3631,618
Debt23,17518,80016,85419,60823,12829,509
Due to related parties60203522281,3711,331
Contract with customer, liability2,310
Other liabilities      3,132
Other undisclosed current liabilities1,7581,0644,9147,323  
Total current liabilities:86,46181,86364,52168,07672,95479,428
Noncurrent Liabilities
Long-term debt and lease obligation, including:67,12229,12733,35325,3915,0615,483
Long-term debt, excluding current maturities63,74022,80626,23119,44623,13439,549
Capital lease obligations5,0615,483
Finance lease, liability3,3823,8224,2214,584
Other undisclosed long-term debt and lease obligation     (23,134)(39,549)
Liabilities, other than long-term debt15,0595,9706,8126,5806,4088,568
Deferred revenue and credits969
Deferred gain on sale of property427507587667842
Deferred tax liabilities, net923,384
Deferred income tax liabilities5,1511,0741,333 
Other liabilities5,5724,3894,8925,9135,4744,215
Operating lease, liability3,9092,4992,9011,361
Other undisclosed noncurrent liabilities    15,80544,82260,864
Total noncurrent liabilities:82,18135,09740,16547,77656,29174,915
Total liabilities:168,642116,960104,686115,852129,245154,343
Equity
Equity, attributable to parent58,39562,81568,90979,55088,00470,845
Common stock133,289132,206131,455130,710130,26097,661
Additional paid in capital4,2663,2643,0252,7932,6742,802
Accumulated other comprehensive loss(5,822)(4,219)(1,708)(3,700)(3,169)(1,035)
Accumulated deficit(73,338)(68,436)(63,863)(50,253)(41,761)(28,583)
Equity, attributable to noncontrolling interest9,566     
Other undisclosed equity      
Total equity:67,96162,81568,90979,55088,00470,845
TOTAL LIABILITIES AND EQUITY:236,603179,775173,595195,402217,249225,188

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues273,854211,539167,498224,776242,10764,478
Revenue, net64,478
Cost of revenue
(Cost of Goods and Services Sold)
(223,835)(175,377)(136,632)(184,320)(198,060)(176,266)
Other undisclosed gross profit  (3,226)   121,965
Gross profit:50,01932,93630,86640,45644,04710,177
Operating expenses(45,642)(37,358)(38,692)(46,441)(44,282)(37,111)
Other undisclosed operating income      26,669
Operating income (loss):4,377(4,422)(7,826)(5,985)(235)(265)
Nonoperating income (expense)(6,561)1,066(4,219)256(12,022)(7,280)
Investment income, nonoperating243975,683168 
Loss, foreign currency transaction, before tax(108)(543)(813)(844)(814)(1,149)
Other nonoperating income (expense)(1,818)(97)(503)20(374)367
Interest and debt expense(4,637)(2,084)595(4,603)(5,508)(6,498)
Other undisclosed income from continuing operations before equity method investments, income taxes    4,6035,5086,498
Loss from continuing operations before equity method investments, income taxes:(6,821)(5,440)(11,450)(5,729)(12,257)(7,545)
Income (loss) from equity method investments     (409)360
Other undisclosed income (loss) from continuing operations before income taxes4,6372,084(595) (1) 
Income (loss) from continuing operations before income taxes:(2,184)(3,356)(12,045)(5,729)(12,667)(7,185)
Income tax expense (benefit)(2,114)(1,217)(674)(2,763)(511)118
Income (loss) from continuing operations:(4,298)(4,573)(12,719)(8,492)(13,178)(7,067)
Loss before gain (loss) on sale of properties:(4,573)(13,610)(8,492)(13,178)(7,804)
Loss from discontinued operations   (891)  (737)
Other undisclosed net income     1 
Net income (loss):(4,298)(4,573)(13,610)(8,492)(13,177)(7,804)
Net loss attributable to noncontrolling interest(603)     
Other undisclosed net loss attributable to parent      (274)
Net income (loss) available to common stockholders, diluted:(4,901)(4,573)(13,610)(8,492)(13,177)(8,078)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(4,298)(4,573)(13,610)(8,492)(13,177)(7,804)
Other comprehensive income (loss)(1,603)(2,511)1,992(531)(2,134)3,237
Comprehensive income (loss):(5,901)(7,084)(11,618)(9,023)(15,311)(4,567)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest603    (274)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(5,298)(7,084)(11,618)(9,023)(15,311)(4,841)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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